Agricultural Robots Market Growth To 2027

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Agricultural Robots Market To Reach USD 22.5
Billion by 2026
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Market Summary
According to the current analysis of Reports and
Data, the global agricultural robots market was
USD 6.5 Billion in 2018 and is projected to grow
at a CAGR of 24.1 from 2019 to 2026. The burden
on global food supply due to rising world
population and surge in venture funding for the
expansion of agriculture robots are a few of the
key factors driving the growth of the
agricultural robots market. The most common
applications of robots in agriculture include
filed mapping, aerial data collection, planting
and seeding intercultural operations, fertilizing
and irrigation, picking, and harvesting, while
others including dairy farming activities like
milking, castrating, washing and shepherding. The
Food and Agriculture Organization of the United
Nations (FAO) projected that the global GDP of
the agriculture industry would increase from
USD50 trillion in 2005-07 to USD 126 trillion in
2050.
Further key findings from the report suggest

• By type, the milking robot segment of
  agricultural robots is projected to grow at the
  fastest CAGR of about 20.2 during the analysis
  periods. The momentous rise in herd sizes and the
  launching of innovative and advanced automation
  technologies are also urging the demand for
  milking robots systems in the industry. The
  technology facilitates the automation of varied
  dairy functions such as milking operations, herd
  management, and dairy farm management. It also
  enables milk production, owing to increased
  efficiency and frequency of the process.
• The hardware segment of agricultural robots is
  expected to dominate the agricultural robots
  market from 2018 to 2026. Snowballing
  affordability of auto-steering systems and
  refining GPS accuracy have aided tractors and
  other agricultural ground vehicles to operate
  autonomously.

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Market Summary
Key Players
Deere Company (US), Trimble (US), AGCO
Corporation (US), AgJunction (US), DJI (China),
Boumatic (Netherlands), Lely (Netherlands),
DeLaval (Sweden), Topcon (US), and AgEagle Aerial
Systems (US).
Segmentation

• By Offerings (Revenue, USD Million 2019-2026)
• Hardware (Automation Control Systems and
  Sensing Monitoring Devices)
• Software (Local/Web-based and Cloud-based)
• Services (System Integration Consulting
  Services, Managed Services, Connectivity
  Services, Assisted Professional Services, and
  Maintenance Support Services)
• By Type (Revenue, USD Million 2019-2026)
• Unmanned Aerial Vehicles (UAVs) (Fixed Wing,
  Rotary Blade, and Hybrid)
• Milking Robots
• Driverless Tractors
• Automated Harvesting Systems
• Other Robots (Robots for Nurseries, Sorting and
  Packing, and Weed Control)

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Market Summary
By Application (Revenue, USD Million
2019-2026) Harvest Management, Field Farming ,
Dairy Livestock Management, Autonomous mowing,
pruning, seeding, , spraying and thinning,
Phenotyping, Soil Management, Irrigation
Management, Weather Tracking Monitoring,
Sorting and packing, Inventory Management, Weed
Control, Others Regional Outlook for Artificial
Intelligence (AI) in Construction Market
analyses the following geographies North America
(United States, Canada, and Mexico) Europe
(Germany, France, UK, Russia, and
Italy) Asia-Pacific (China, Japan, Korea, India,
and Southeast Asia) South America (Brazil,
Argentina, Colombia, etc.) Middle East and Africa
(Saudi Arabia, UAE, Egypt, Nigeria, and South
Africa)
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The report emphasizes the following key
questions
Q.1.What are the most lucrative and promising
growth prospects for the market? Q.2.Which
sectors are expected to deliver a high growth
rate and which industry aspects come into play in
this advancement? Q.3.Which geographies are
estimated to exhibit the highest growth and the
underlying causes? Q.4.Which factors are
impacting the future of the market and what are
the driving factors? Q.5.What are the hurdles
and challenges curtailing the industrys growth
in the forecast period?
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